On the other hand, the leu’s indicative against the US dollar lost 0.4% on the day to 3.2997 units.
The leu opened at around 4.52 to the euro, little changed on the day, but euro sales drove the local currency higher in early action, with market participants alleging the sell orders were made by a local exporter or by the central bank.
Another explanation could be that the authorities are exchanging part of the EUR830 million drawn last week in European structural and cohesion funds.
“Regardless of the reason, the leu is moving contrary to the regional trend,” said one dealer.
At around 1:00 pm, the leu was trading near 4.5 to the euro. Elsewhere in the region, its peers were losing up to 0.35% versus the European common currency.
In the money market, overnight rates were at 2.2%-2.7% a year.